Improve Underwriting with digital coworkers
Underwriting teams are constantly looking for ways to speed up the underwriting and quoting process. Digital Coworkers enable faster, more accurate quoting, which improves quote and bind ratios and enhances agent/broker relationships.
Receive, analyze, cross-check and submit new applications automatically.
Your Digital Underwriting Assistant significantly improves your pre-quote efficiency and performance by:
- Monitoring email inboxes, post room or broker system(s) for new business submissions / applications
- Ingesting, analyzing, classifying, indexing and filing documents and submissions
- Analyzing and extracting key data from applications, such as coverage requests, start and end dates etc
- Requesting documents from the broker/customer as needed e.g. payroll, medical, lifestyle information etc
- Identifying insured and LOBs for market reservation check, flagging previous requests for review
- Opening new accounts and populating with required data points
- Submitting applications to the quoting queue or system
Improve accuracy and reduce hours spent on manual triage.
Your AI-powered Digital Underwriting Assistant enables you to effectively manage the assessment and evaluation of new policy submissions by:
- Extracting and transform initial required data from structured & unstructured documents
- Passing data to the underwriting platform for initial triage
- Assigning submission to relevant underwriting resource/team based on carrier business rules
- Returning market reservation to agent
- Performing auto-declination of undesirable risks per carrier underwriting rules, request BOR to proceed
More confidently underwrite policies, faster with better data.
Your Digital Underwriting Assistant exponentially increases the capacity of your Underwriting team by:
- Extracting detailed exposure and loss history from structured & unstructured documents
- Populating data into core systems
- Requesting third-party data
- Assessing underwriting loss
- Providing coverage and loss analysis
Significantly improve your quote-to-bind cycle time.
Your Digital Underwriting Assistant enables you to reduce administrative work, increasing capacity and improving decision making by:
- Gathering and assessing quotes applicability against original application and conditions
- Shortlisting quotes for the underwriter to review
- Pulling official reports (e.g., Motor Vehicle Records, credit reports, Loss Runs) and collecting risk information across a variety of platforms, such as CAD, DCS and Contributory database systems
- Checking and performing declinations for uninsurable risks (defined business rules)
- Classifying the risk and matching to thresholds
- Reading and completing ACORD forms as needed
- Completing the risk rater (data entry)
- Preparing the quote for final review, and sending to the customer
Significantly improve your quote-to-bind cycle time.
Your Digital Underwriting Assistant ensures accuracy and reduces rework by:
- Searching for, or accepting, signed applications
- Creating and sending the binder
- Creating and distributing Certificates of Insurance
- Verifying completeness of post-binding documents (e.g., signed applications, photos)
- Updating underwriting systems with post-bind information
- Notifying billing of new policy
Receive, analyze, cross-check and submit new applications automatically.
Your Digital Underwriting Assistant significantly improves your pre-quote efficiency and performance by:
- Monitoring email inboxes, post room or broker system(s) for new business submissions / applications
- Ingesting, analyzing, classifying, indexing and filing documents and submissions
- Analyzing and extracting key data from applications, such as coverage requests, start and end dates etc
- Requesting documents from the broker/customer as needed e.g. payroll, medical, lifestyle information etc
- Identifying insured and LOBs for market reservation check, flagging previous requests for review
- Opening new accounts and populating with required data points
- Submitting applications to the quoting queue or system
Improve accuracy and reduce hours spent on manual triage.
Your AI-powered Digital Underwriting Assistant enables you to effectively manage the assessment and evaluation of new policy submissions by:
- Extracting and transforming initial required data from structured & unstructured documents
- Passing data to the underwriting platform for initial triage
- Assigning submission to relevant underwriting resource/team based on carrier business rules
- Returning market reservation to agent
- Performing auto-declination of undesirable risks per carrier underwriting rules, request BOR to proceed
More confidently underwrite policies, faster with better data.
Your Digital Underwriting Assistant exponentially increases the capacity of your Underwriting team by:
- Extracting detailed exposure and loss history from structured & unstructured documents
- Populating data into core systems
- Requesting third-party data
- Assessing underwriting loss
- Providing coverage and loss analysis
Significantly improve your quote-to-bind cycle time.
Your Digital Underwriting Assistant enables you to reduce administrative work, increasing capacity and improving decision making by:
- Gathering and assessing quotes applicability against original application and conditions
- Shortlisting quotes for the underwriter to review
- Pulling official reports (e.g., Motor Vehicle Records, credit reports, Loss Runs) and collecting risk information across a variety of platforms, such as CAD, DCS and Contributory database systems
- Checking and performing declinations for uninsurable risks (defined business rules)
- Classifying the risk and matching to thresholds
- Reading and completing ACORD forms as needed
- Completing the risk rater (data entry)
- Preparing the quote for final review, and sending to the customer
Significantly improve your quote-to-bind cycle time.
Your Digital Underwriting Assistant ensures accuracy and reduces rework by:
- Searching for, or accepting, signed applications
- Creating and sending the binder
- Creating and distributing Certificates of Insurance
- Verifying completeness of post-binding documents (e.g., signed applications, photos)
- Updating underwriting systems with post-bind information
- Notifying billing of new policy
